FLOWERS FOODS INC 8-K

What Happened

• Flowers Foods, Inc. announced on March 25, 2026 that Terry S. Thomas, the company’s Chief Growth Officer, will leave the company and his role will be dissolved effective April 24, 2026.
• The company expects to enter into a Settlement, General Release and Severance Agreement under which Mr. Thomas is expected to receive a cash payment equal to 18 months of base salary and 12 months of COBRA or other medical coverage.

Key Details

• Departure agreed: March 25, 2026; effective date: April 24, 2026.
• Severance terms (expected): cash payment equal to 18 months of base salary and 12 months of medical/COBRA coverage in exchange for a release of claims.
• Role status: the Chief Growth Officer position will be dissolved.
• The company issued a press release announcing the departure (filed as Exhibit 99.1 in the 8-K).

Why It Matters

• For investors, this is a leadership change that includes a one-time severance obligation (18 months’ salary plus 12 months’ medical coverage), which could have a near-term cash and compensation impact.
• Dissolving the Chief Growth Officer role may signal an organizational change in how Flowers Foods manages growth initiatives; investors should watch for follow-up disclosures about who will assume related responsibilities or any restructuring updates.